4//SEC Filing
HUBER J KENDALL 4
Accession 0000944695-19-000203
CIK 0000944695other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 11:49 AM ET
Size
13.4 KB
Accession
0000944695-19-000203
Insider Transaction Report
Form 4
HUBER J KENDALL
Senior Vice President
Transactions
- Award
Common Stock
2019-12-27+39.259→ 30,285.496 total
Holdings
- 30,319
Common Stock Option (right to buy)
Exercise: $85.87Exp: 2027-02-24→ Common Stock (30,319 underlying) - 21,222
Common Stock Option (right to buy)
Exercise: $77.91Exp: 2026-02-23→ Common Stock (21,222 underlying) - 26,225
Common Stock Option (right to buy)
Exercise: $104.11Exp: 2028-02-27→ Common Stock (26,225 underlying) - 11,245
Common Stock Option (right to buy)
Exercise: $117.22Exp: 2029-03-05→ Common Stock (11,245 underlying)
Footnotes (10)
- [F1]Grant of restricted stock units under the Issuer's 2014 Long-Term Incentive Plan upon the accrual of dividend rights associated with restricted stock units originally granted on March 5, 2019 as a result of the payment of a $2.50 special dividend on December 27, 2019 to all shareholders of record on December 16, 2019 (the "Special Dividend") and the payment of the company's regular quarterly dividend on the same date. Such units vest on the third anniversary of the date of grant of the underlying restricted stock units.
- [F10]A third of the award will vest on each of the first three anniversaries of the date of grant.
- [F2]Does not include 1,320 shares held indirectly in a Rabbi Trust pursuant to deferral agreements.
- [F3]Option award previously granted by the Issuer on February 23, 2016. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $79.33 to $77.91, and the number of shares underlying the award was automatically adjusted from 20,841 to 21,222 to reflect the Special Dividend.
- [F4]A third of the award vested on each of the first three anniversaries of the date of grant.
- [F5]Option award previously granted by the Issuer on February 24, 2017. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $87.43 to $85.87, and the number of shares underlying the award was automatically adjusted from 29,775 to 30,319 to reflect the Special Dividend.
- [F6]A third of the award vested on each of the first two anniversaries of the date of grant, and the remaining third will vest on the third anniversary of the date of grant.
- [F7]Option award previously granted by the Issuer on February 27, 2018. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $106.01 to $104.11, and the number of shares underlying the award was automatically adjusted from 25,754 to 26,225 to reflect the Special Dividend.
- [F8]A third of the award vested on the first anniversary of the date of grant, and an additional third will vest on each of the second and third anniversaries of the date of grant.
- [F9]Option award previously granted by the Issuer on March 5, 2019. On December 13, 2019, pursuant to the terms specified in the award, the exercise price of this award was automatically adjusted from $119.36 to $117.22, and the number of shares underlying the award was automatically adjusted from 11,043 to 11,245 to reflect the Special Dividend.
Documents
Issuer
HANOVER INSURANCE GROUP, INC.
CIK 0000944695
Entity typeother
Related Parties
1- filerCIK 0001227471
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 11:49 AM ET
- Size
- 13.4 KB